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4,054,186
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Because they like the home, other than that I see no benefit to this type of purchase.

Nov 19, 2018 08:12 PM
Rainer
430,981
Sara Wagner
Woodland Management Service - Adams, WI
The Forestland Experts!

I dont know.

Oct 20, 2018 01:42 AM
Rainer
61,738
Evelyn M Epperson
Coldwell Banker Residential Brokerage - Johns Creek, GA
A Tradition Of [Excellence, Trust & Service]

I have no idea!  I had a buyer looking at a co-op but the HOA was $825 a month including utilities. After hearing the monthly fees that buyers decided a condo was better.

Aug 05, 2015 08:06 AM
Rainmaker
2,423,734
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

I know of a co-op where a lump, nearly fixed sum buys you in and it is very affordable (small). Condos are subject to market value are my thoughts

Aug 05, 2015 04:23 AM
Rainmaker
743,237
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Co-ops in Florida are typically less expensive to purchase. The greatest issues I have heard voiced regarding the MISTAKE of buying a co-op is what is required when the time to sell arrives. Make certain you know who is in control and who sets the price.

Aug 05, 2015 04:08 AM
Rainmaker
1,157,264
FN LN
Toronto, ON

Both methods of ownership have a variety of pros and cons.  In the Toronto area, condos are a significantly more common form of ownership than co-operatives.

Aug 05, 2015 03:19 AM
Rainmaker
526,059
Mike & Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

Because lenders do not want to lend on co-ops, typically they carry a lower price tag than a condo.

Eve

Aug 05, 2015 02:13 AM
Rainmaker
291,467
Jack Lewitz
IL Real Estate Specialists - Evanston, IL

A coop was conceived by very rich people who wanted to hide ownership interest. Coops are taxed as one entity and therefore do not show ownership interest. A way very rich people can hide assets and interest in the property. Coops today have strayed away from this original intent.

Aug 05, 2015 01:43 AM
Rainmaker
5,263,384
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The choice may relate more to the building in which they wish to purchase rather than the form of ownership. We owned a cooperative apartment when we lived on the oceanfront at Virginia Beach.

With a cooperative, you purchase personal property and receive a certificate of ownership rather than a deed. In some areas, cooperatives are more difficult to finance than condominiums.

Aug 05, 2015 01:24 AM
Rainmaker
1,521,221
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

They own a piece of the rock, versus just the inside 4 walls of their unit. Thus when selling, can expect a stronger retrun on their investment if an appreciating market.

Aug 05, 2015 01:16 AM